Only three passive mutual fund NFOs to open for subscription this week
Among these three, two are ETFs and one is an index fund.
Groww Nifty 1D Rate Liquid ETF
Groww Nifty 1D Rate Liquid ETF is an open-ended Exchange Traded Fund replicating / tracking Nifty 1D Rate Index with a relatively low interest rate risk and relatively low credit risk scheme. The NFO is open for subscription and will close on September 20.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-113388004»>Also Read | Silver mutual funds lose up to 8% in three months. Should you buy the dip?
The scheme will be benchmarked against the Nifty 1D Rate Index and managed by Kaustubh Sule. The minimum application amount is Rs 500. It will allocate 95-100% in tri-party repos, repo in government securities, reverse repos and any other similar overnight instruments as may be provided by RBI and approved by Sebi and 0-5% in G-sec(s) and/or T-bills with a residual maturity of upto 30 days.
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